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promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's intent. that's not romney's intent. romney god -- got to say the president is the one who's not telling the truthecaui woul do . >> a romney advisor last week said we have two goals. one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for
promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's...
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Oct 7, 2012
10/12
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a constitutional spending commitment on a temporary tax. that's kind of uncertain, as well. >> belva: we have so many hot issues, we have to move to one that is really hot, because it is burning the pocketbooks of the people of the state, and that's gas prices that seem to be gone a bit wild. >> to a record price in san francisco today, probably around the state by tomorrow. the average price in the bay area is $4.55. that is 16 cents more than yesterday. 37 cents more than a week ago and 70 cents higher than a year ago. so, it is a huge problem for the state of california. there are six primary factors that are contributing to this and they are very important. one is the chevron refinery that's 1 out of 8 gallons of fuel in the state of california. that's out of service for many months to come there was a major pipeline that chevron owns and operates that has been shut down since the middle of september, out of service, denies amount of crude oil, cutting down on supply. there was a fire in southern california at an exxon refinery, not a f
a constitutional spending commitment on a temporary tax. that's kind of uncertain, as well. >> belva: we have so many hot issues, we have to move to one that is really hot, because it is burning the pocketbooks of the people of the state, and that's gas prices that seem to be gone a bit wild. >> to a record price in san francisco today, probably around the state by tomorrow. the average price in the bay area is $4.55. that is 16 cents more than yesterday. 37 cents more than a week...
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Oct 6, 2012
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
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Oct 4, 2012
10/12
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been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying point blank "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are facing the candidates possibly? >> for governor romney, he's got two jobs: one is to say why the president has failed and the second is to sell himself. to do that job, he has to be aggressive, kind of in the president's face. for the second job he has to offer something people find attractive so the challenge for him is getting the mix right. the challenge for the president is staying on script, talking about how he has been working for the middle-class and not getting knocked off by governor romney who he doesn't have a great deal of personal regard for. so he has to not look defensive. >> pelley: john, thank you
been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying point blank "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are...
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the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s and '40 50s the rest of the world had basically destroyed the rest of its capacity in world war ii so we made everything we wanted, cars, t-shirts, socks, televisions, electronics. we made that all here in the u.s., were consumed it. we exported it because nobody else was doing it. we are not going back to a world in which we will have a monopoly on industrial production. in fact, it's the opposite. everybody else now hats hardware to make all the stuff that we did, so it is much more of a challenge to just say, you know, we're going to do these sort of three things that w
the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s...
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get 20,000 additional people to go to the game they will buy a lot of food and beverage and the sales tax will come to the city of oakland. >> let's go oakland has now 52,000 followers on the facebook inning pa. management says it has no plans though to remove those tarps for the division playoffs. >> you hope everybody wants to go to the game. >> that would be nice. >> i'm sure there is a great reason for keeping the tarp on. we swrus have no idea what it might be. here is the problem with the one-game playoff. an absurd call changes everything in atlanta. and oh, do the fans react. sports is next. >>> here is the trouble with the one-game playoff. you play 162 games for one chance and an umpire blows the call and it kills you. it happened in atlanta. molina with a drive to right. look at hayward. he is going back to the wall and he leaps and makes the catch. that is spectacular concentration right there. the top six and former a. a solo homer and 4-2 saint luis. a melt down in the eighth. holiday is coming in and the ball will drop, but he calls it the infield fly rule. so the batter is
get 20,000 additional people to go to the game they will buy a lot of food and beverage and the sales tax will come to the city of oakland. >> let's go oakland has now 52,000 followers on the facebook inning pa. management says it has no plans though to remove those tarps for the division playoffs. >> you hope everybody wants to go to the game. >> that would be nice. >> i'm sure there is a great reason for keeping the tarp on. we swrus have no idea what it might be. here...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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Oct 7, 2012
10/12
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the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? senator, i doubt seriously you would be in favor of doing away or cutting the home mortgage deduction, for middle class americans. i mean, governor romney has not said what the secret plan is for
the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our...
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Oct 5, 2012
10/12
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KRON
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the president had a few good lines >> for 18 months he's been running on this tax plan, and now five weeks before the election he's saying his big bold idea is never mind. >> reporter: but romney came out strong, essentially taking over as the president seemed to wilt. >> a deduction for taking a plan overseas? i've been in business for 25 years. i have no idea what you're talking about. >> reporter: critics say obama seemed meek, took too many punches and did not go after romney when he had the chance. today he was trying to rebound, accusing mitt romney of dishonesty. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow last night said he didn't know anything about that. >> reporter: romney made a surprise appearance at a conservative political action committee. >> i know this is going to be a close-fought battle. we need to win colorado. if we do, we're going to take back the white house. >>> the latest on the giants' off-day workout. and two of the 49ers' division rivals go ahead hundred
the president had a few good lines >> for 18 months he's been running on this tax plan, and now five weeks before the election he's saying his big bold idea is never mind. >> reporter: but romney came out strong, essentially taking over as the president seemed to wilt. >> a deduction for taking a plan overseas? i've been in business for 25 years. i have no idea what you're talking about. >> reporter: critics say obama seemed meek, took too many punches and did not go...
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get 20,000 additional people to go to the game they will buy a lot of food and beverage and the sales tax will come to the city of oakland. >> let's go oakland has now 52,000 followers on the facebook inning pa. management says it has no plans though to remove those tarps for the division playoffs. >> you hope everybody wants to go to the game. >> that would be nice. >> i'm sure there is a great reason for keeping the tarp on. dea wh no idea what it might be. here is the problem with the one-game playoff. an absurd call changes everything in atlanta. and oh, do the fans react. sports is next. ♪ [ typing ] ♪ ♪ [ camera shutter clicks ] ♪ gets her every time. [ male announcer ] it's hard to resist the craveable nature of the salty peanuts, dark chocolate, and smooth peanut butter in nature valley sweet & salty nut bars. irresistible. by nature valley. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ the one-game playoff. you play 162 games fo
get 20,000 additional people to go to the game they will buy a lot of food and beverage and the sales tax will come to the city of oakland. >> let's go oakland has now 52,000 followers on the facebook inning pa. management says it has no plans though to remove those tarps for the division playoffs. >> you hope everybody wants to go to the game. >> that would be nice. >> i'm sure there is a great reason for keeping the tarp on. dea wh no idea what it might be. here is the...
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10/12
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this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have made adjustments -- >> you have been president for years. you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year promi
this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have...
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Oct 7, 2012
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he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how you reduce deductions and exemptions, a $25,000 $50,000 limit that any one individual could use. that was specific offered by marty felled stein of harvard as a way to make tax reform work. >> and both of them embraced the simpson-bowles commission and the simpson-bowles commission put out three different tax rates and each rate you will have to do something with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point
he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how...
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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taxes for the middle class, but linda mcmahon's tax plan gives mer a 7 billion dollar tax cut a programs for the middle class and seniors, and linda mcmahon never fought for the middle class. >> chris murphy attacks linda and social security and medicare, but murphy doesn't tell us when he was sued in court for not paying his rent, or paying his mortgage on committee hearings. do you think that murphy is telling the truth now? two facts, on march 2010, murphy vote today cut medicare 716 million dollars and linda mcmab policemened-- >> and pretty cookie cutter, i'm for the middle class and she's for the rich and cut grandma and throw her in the snow banks, who gets the best of the exchange. >> and she's way ahead, and polls her names recognition-- >> the polls are even. >> no in measuring the name recognition, way ahead and people are more familiar with her and helping her and she's also, apart from the negative campaigning about his background, she's also tapping into the economic anxiety in the state. which is significant. and she's talking about her ability to get -- create jobs and ha
taxes for the middle class, but linda mcmahon's tax plan gives mer a 7 billion dollar tax cut a programs for the middle class and seniors, and linda mcmahon never fought for the middle class. >> chris murphy attacks linda and social security and medicare, but murphy doesn't tell us when he was sued in court for not paying his rent, or paying his mortgage on committee hearings. do you think that murphy is telling the truth now? two facts, on march 2010, murphy vote today cut medicare 716...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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Oct 8, 2012
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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight.
now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight.
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and the other one goes no he wants to raise taxes or we need regulation and the other one would say are you agree so in the context of this debate they agreed on a lot of things but the devil is of course in the details but as they tried to get into details and numbers it's got even more confusing we still have two more debates in the coming weeks we'll hear more about the candidates foreign policy vision for now in most states president obama is leading in polls although by a very small margin there are going pretty much six to neck but it's important to mention that in the us a candidate might win the majority of the popular vote and still lose the election because it's not the popular vote is the so-called electoral college that decides the outcome of the presidential election here every state gives the candidate the certain number of points and the winner has to collect the number two hundred seventy points even if a candidate loses a state by just say three votes they get zero points that way it's a very peculiar electoral system which is not really about the will of the majori
and the other one goes no he wants to raise taxes or we need regulation and the other one would say are you agree so in the context of this debate they agreed on a lot of things but the devil is of course in the details but as they tried to get into details and numbers it's got even more confusing we still have two more debates in the coming weeks we'll hear more about the candidates foreign policy vision for now in most states president obama is leading in polls although by a very small margin...
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Oct 8, 2012
10/12
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KRON
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now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. yeah... think they made a mistake?s. i don't know - maybe. the fried cheese melt is back for just 4 bucks. 1 of 4 big 4-dollar meals on the 2-4-6-8 value menu. only at denny's. open all night. most paints have color that sits on the surface. but nothing beats benjamin moore's color lock technology that locks color right in, no matter how often you wash it. color lock technology. exclusively from your benjamin moore retailer. find your perfect color with a buy one, get one pint offer. visit benjaminmoore.com/promo. . >>> san francisco's board of supervisors will decide if the sheriff gets to keep his job. he pled guilty to a charge from a fight stemming from a fight with his wife. he was found guilty of official misconduct. tuesda
now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. yeah... think they made a mistake?s. i don't know - maybe. the fried cheese melt is back for just 4 bucks. 1 of 4 big 4-dollar meals on...
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and of course one racing is far from the concerns of most ordinary greeks two years of constant taxes have traffic increased the number of families who can't even afford to raise their children on trees piece on to reports now on a charity trying to shield young people from the crisis. too young to understand why but on the front line of the debt crisis rampant unemployment in greece and the slashing of social benefits has left their parents with money to provide even their most basic of needs for may seem unthinkable has happened these children being taken into care. for during the past two years we have seen a large rise in the number of children coming to us because their families can't support them because taxes and prices have risen things like food clothing schooling and housing have become too expensive. before the financial crisis this children's village which is run by the organization s.o.s. children usually looked after kids who'd been the victims of abuse now they say almost all new cases are as a result of the debt crisis this center privately funded through donations is
and of course one racing is far from the concerns of most ordinary greeks two years of constant taxes have traffic increased the number of families who can't even afford to raise their children on trees piece on to reports now on a charity trying to shield young people from the crisis. too young to understand why but on the front line of the debt crisis rampant unemployment in greece and the slashing of social benefits has left their parents with money to provide even their most basic of needs...
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MSNBC
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when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more importantly, americans are ready to move on, even before the good news job numbers were released, an nbc/"wall street journal" survey showed that 44% of americans believe the economy will improve in the next year and four in ten say the country is headed in the right direction, the highest percentage on this question since june of 2009. here with me is cnbc contributor, dan dicker, a 25-year trading veteran of the new york mercantile exchange, civil right attorney mya wiley. attorney raul ruiz and a contributor to "the nation" magazine. thank you for being here. let me ask a question, does 7.8% wipe away wedne
when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more...
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amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his positions. >> we are not going to get rid of all regulation. you have to have regulation. and there are some parts that make all the sens
amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic....
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Oct 4, 2012
10/12
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the tax plan he described is the tax plan i was asked to support i would say absolutely not. >> he's been running on this tax plan, and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for president obama appeared to be romney's planning lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too good? >> reporter: mitt romney spent most of the night attacking the president's record. >> you said you would cut the deficit in half. it's four years later. >> reporter: romney came into the debate trailing in the polls but that could change. >> any time a challenger stands on the stage with a president in the first debate they tend to get some bounce after that. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: a poll shows romney was the overwhelming winner. 46% of the people say ro
the tax plan he described is the tax plan i was asked to support i would say absolutely not. >> he's been running on this tax plan, and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for president obama appeared to be romney's planning lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too good? >> reporter: mitt romney spent most of...
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Oct 3, 2012
10/12
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MSNBC
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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Oct 2, 2012
10/12
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KPIX
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now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ ,,,, appeal award two years in a row. of the hottest temperaturesf >>> a little taste of summer at the dawn of october. the bay area is roasting in some of the hottest temperatures of the year. even san francisco topped 90 degrees. cbs 5 reporter, on this late- season sizzle. >> reporter: it did get really
now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two...
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Oct 7, 2012
10/12
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he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the pr
he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic....
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Oct 4, 2012
10/12
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WUSA
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>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has never specified exactly what the loopholes they will close or how the math adds up, but they say it is not a $5 trillion tax cut because it has these other residual benefits. >> well, that cleared that up, didn't it? both candidates are working hard, though, to win the support of young voters. >> last night students at the university of maryland in college park watched the debate and then offered their opinions of the candidates in a high- tech way. matt jablow has more. >> reporter: for professor philip resnick, the first general election debate o
>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the...